Weekly Chart Analysis
✅ Support Zone: Strong base around ₹388–400 held well with a liquidity sweep.
📈 Rising Volumes: Indicating accumulation and strong buying interest.
🔻 Downtrend Line: Stock approaching breakout zone near ₹632–635.
📌 Entry Zone: Around ₹517–525 (current levels).
⛔ Stoploss: ₹388 (below liquidity sweep & support).
🎯 Targets:
Target 1: ₹635 (trendline breakout + resistance zone)
Target 2: ₹895 (major upside potential once breakout sustains)
⚖️ Risk-Reward: Favorable setup with strong upside vs limited downside.
📌 Trading Plan
Enter near current levels or on dips to ₹510–520.
Keep SL at ₹388 (weekly closing basis).
First profit booking at ₹635, ride further towards ₹895 if momentum sustains.
#PremierExplosives #SwingTrade #WeeklyChart #BreakoutSetup #VolumeAnalysis #TrendlineBreak #LongSetup #RiskReward #NSEStocks #TradingView
✅ Support Zone: Strong base around ₹388–400 held well with a liquidity sweep.
📈 Rising Volumes: Indicating accumulation and strong buying interest.
🔻 Downtrend Line: Stock approaching breakout zone near ₹632–635.
📌 Entry Zone: Around ₹517–525 (current levels).
⛔ Stoploss: ₹388 (below liquidity sweep & support).
🎯 Targets:
Target 1: ₹635 (trendline breakout + resistance zone)
Target 2: ₹895 (major upside potential once breakout sustains)
⚖️ Risk-Reward: Favorable setup with strong upside vs limited downside.
📌 Trading Plan
Enter near current levels or on dips to ₹510–520.
Keep SL at ₹388 (weekly closing basis).
First profit booking at ₹635, ride further towards ₹895 if momentum sustains.
#PremierExplosives #SwingTrade #WeeklyChart #BreakoutSetup #VolumeAnalysis #TrendlineBreak #LongSetup #RiskReward #NSEStocks #TradingView
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.